SADAFCO Reports SAR 170.26M Net Profit in the Six Months 2026
SADAFCO 2270.SA | 0.00 |
On 2026-07-27 15:55:38 (Saudi Time), Saudia Dairy and Foodstuff Co. announced its Interim financial results for the six months ended on June 30, 2026.
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Sales/Revenue | 749,976 | 770,172 | -2.622 | 737,603 | 1.677 |
| Gross Profit (Loss) | 238,629 | 269,520 | -11.461 | 224,692 | 6.202 |
| Operational Profit (Loss) | 90,900 | 120,224 | -24.391 | 83,973 | 8.249 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 88,236 | 117,664 | -25.01 | 82,027 | 7.569 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 87,079 | 122,780 | -29.077 | 79,530 | 9.492 |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Sales/Revenue | 1,487,579 | 1,527,805 | -2.632 |
| Gross Profit (Loss) | 463,321 | 546,172 | -15.169 |
| Operational Profit (Loss) | 174,873 | 244,451 | -28.462 |
| Net Profit (Loss) Attributable to Shareholders of the Issuer | 170,263 | 243,776 | -30.155 |
| Total Comprehensive Income Attributable to Shareholders of the Issuer | 166,609 | 253,301 | -34.224 |
| Total Shareholders Equity (after Deducting Minority Equity) | 1,653,641 | 1,772,553 | -6.708 |
| Profit (Loss) per Share | 5.33 | 7.62 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Element List | Amount | Percentage of the capital (%) | |
|---|---|---|---|
| Profit (Losses) Resulting From The Change In Investment Propertie’s Fair Value | - | - | |
| Accumulated Losses | - | - | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
Year-on-Year Performance Drivers
For the six-month period ending 30 June 2026, consolidated sales declined 2.632% YoY to SAR 1,487.58 million (from SAR 1,527.81 million), largely driven by a sharp contraction in the Polish subsidiary Mlekoma's revenues, which fell from SAR 250 million to SAR 147 million due to lower selling prices and reduced sales volumes, partially offset by SADAFCO's core business (excluding Mlekoma) growing 4.9% on volume gains across major product categories. Net profit attributable to shareholders dropped 30.155% YoY to SAR 170.26 million (from SAR 243.78 million), primarily due to a significant increase in cost of goods sold — driven by higher key raw material costs, surcharges related to regional maritime disruptions, general inflationary pressures, and fuel price increases — which compressed gross profit margin from 35.7% to 31.1%, compounded by a SAR 7 million decrease in finance income resulting from lower short-term Murabaha investments and reduced interest rates.
Quarter-on-Quarter Performance Drivers
QoQ, consolidated sales rose 1.7% to SAR 749.98 million (SAR 749,976 thousands ÷ 1,000) from SAR 737.60 million, driven by favorable seasonality, with SADAFCO's sales excluding Mlekoma up 5.3% (SAR 34 million increase). Net profit grew 7.6% QoQ to SAR 88.24 million from SAR 82.03 million, reflecting higher sales with a favorable product mix and improved operating profitability, which also lifted gross profit 6.2% QoQ to SAR 238.63 million.
Other Items
The external auditor issued an unmodified conclusion with no additional comments, reservations, or other matters noted. No accumulated losses or fair value changes on investment properties were reported. The company stated it maintains a strong balance sheet with a cash position of SAR 554 million (including short-term investments) and shareholders' equity of SAR 1.65 billion as of 30 June 2026, compared to SAR 1.74 billion as of 31 December 2025. Earnings per share for the six-month period stood at SAR 5.33, based on a weighted average of 31,959,627 shares outstanding (total shares of 32,500,000 less treasury shares of 540,373). The company noted it "continues to monitor and assess the potential impact of the current regional geopolitical developments on its operations while proactively managing its supply chain and operational risks." Certain comparative figures have been reclassified to conform to the current period's presentation.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97009&anCat=1&cs=2270&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/7865_407_2026-07-27_15-50-14_en.pdfImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.